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Oil tumbles toward 11-year lows on worsening glut

Oil tumbles toward 11-year lows on worsening glut

Oil prices tumbled 4 percent on Monday, coming close to their 11-year low, on growing fears that the global oil glut would worsen in the months to come in a pricing war between leading OPEC and non-OPEC producers. Brent crude fell by 4 percent to below $36.40 a barrel for the first time since December […]